WHAT THE OTHER PAPERS SAY THIS MORNING May 24, 2010 FINANCIAL TIMES AIA CHIEF IN THREAT TO QUIT OVER PRU DEAL AIA’s chief executive has told friends and industry executives that he would quit if the UK’s Prudential succeeded in its $35.5bn (£24.6bn) takeover of the Asian businesses of AIG. Mark Wilson has said he would step down once the deal closed because the proposed [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 23, 2010 FINANCIAL TIMES PRINCE ANDREW’S TRADE ROLE DEFENDED Buckingham Palace defended Prince Andrew’s globetrotting role promoting British business on Sunday after a newspaper sting appeared to show his former wife selling access to him for £500,000, offered by a reporter posing as a tycoon. Both the royal household and the government said the Duke of York’s [...]
CITY MOVES | WHO’S SWITCHING JOBS April 21, 2010 Royal London Asset Management The asset management firm has promoted Ian Goulsbra to the role of head of wholesale relationships, effective immediately Goulsbra joined RLAM in 2007 as a business development manager for the south of England. He was previously at Premier Asset Management, where he was head of institutional sales, and also spent time [...]
Toyota boss to appear before US Congress February 18, 2010 Toyota’s global president has caved in to mounting pressure and announced he will testify to US politicians next week about the carmaker’s global recall of its Prius hybrid cars. Akio Toyoda said last night he was looking “forward to speaking directly with Congress and the American people”. He had previously refused to travel to Washington. [...]
Toyota recall hits UK February 3, 2010 TOYOTA will recall over 180,000 vehicles in the UK as part of the ongoing faulty accelerator saga. The embattled car maker says it is working with the DVLA to identify owners of vehicles with faulty accelerator pedals. The vast clean-up operation is over a £9 part that takes just 30 minutes to repair. At least [...]
Virgin Media: Why City A.M. is wrong about TV market November 1, 2009 IN his article last Friday about the pay TV market, City A.M.’s David Crow suggested that, by forcing Sky to wholesale its premium sports and movie channels to competing pay TV retailers, media regulator Ofcom is punishing Sky’s success. He compares Sky’s investment in sports and movies to car maker Toyota’s investment in hybrid fuel [...]
Goodbye to the pinstripe: City boys embrace a subtler style October 22, 2009 THE pinstripe might be the fashion statement for which the City is best known, but it’s not a statement people are making too stridently this winter. A couple of years ago, when markets, banks and bonuses were flying high, a loud-as-you-like striped suit was pretty much a required part of every true City boy’s wardrobe. [...]
A manifesto for a great newspaper October 22, 2009 City A.M. has a simple mission: to be the essential morning read for London’s business community. Every single working day, we aim to provide our readers with a pithy, well-edited and bang-up-to-date package of news, comment, investment advice, lifestyle and sports – and all of this entirely for free and conveniently available at transport hubs [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 20, 2009 FINANCIAL TIMES GALLEONMOVINGASSETS INTO CASHBrokers to the Galleon Group – the hedge fund whose founder and president, Raj Rajaratnam, is at the centre of insider trading charges – report it is rapidly liquidating its investments in anticipation of a wave of investor redemptions. $12.9BN VALEPUSHTOENDDISPUTE Vale, the Brazilian mining group that is the world’s biggest [...]
Brown seeks to safeguard Vauxhall jobs September 13, 2009 PRIME Minister Gordon Brown is set to lead talks at Ellesmere Port car plant this week, as part of a government push to safeguard thousands of jobs at Vauxhall’s UK plants. The move comes after US parent General Motors (GM) sold off a 55 per cent stake in its European arm to Canadian car parts [...]